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Business Financing is one of the most essential elements of any business.
Yet, despite the universal need for getting a loan to acquire, start, or build a business, there is a very limited understanding as to how to actually go about the process of getting a suitable business loan or creating a sustainable financing strategy.
Unfortunately, many deals and business plans either become at risk, or out right fail, when business loans or other forms of commercial capital do not materialize out of the highly fragmented commercial financing market. And since the 2008 recession, the market place is even more difficult to figure out and successfully navigate.
There is still lot of debt and equity capital available in the market place, but its not always easy to access.
So regardless of whether you're a manager or owner, your core expertise, or your country of origin, knowledge of finance is unavoidable and absolutely critical to whatever success you hope to achieve during your business career.
Don't get me wrong here. Marketing is and always be the most important aspect of any business. If you don't have a customer you don't have a business. So while Marketing always needs to be numero uno in your business, finance needs to be a close second.
Why? Because properly managing cash flow provides the ability for the business to function and potentially grow. It's also very likely that most businesses, at some point or another, will require the use of financial leverage in some way, shape, or form to grow or even just continue their operations. These are the two essential elements of business finance...leverage and cash flow management.
In many cases, access to capital is going to be important to starting a business, operating a business, and selling it at the point of owner exit or transition.
However, if you only react to a funding need at the very point when its required, it may be difficult and sometimes impossible to get the capital you require in place, for the terms and conditions you desire, in the time you have to work with.
This is why its essential that business managers and owners invest in their ongoing business financing education and develop access to the necessary expertise so that they can always be either in a financible position, or working towards that objective.
If you're a business finance beginner, novice, or seasoned professional, this site has been created to assist you in developing the knowledge and skill in planning for and acquiring business credit and financing facilties for your various business applications and situations.
Consider this site your business financing resource and return to it often to utilize the information provided.
Brent Finlay CPA,CMA MBA
Business Finance Specialist